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20121218
20121218
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CNBC 10
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Search Results 0 to 9 of about 10
CNBC
Dec 18, 2012 4:00am EST
finds. we see falling u.s. demand, rising supply. we see miles driven. there's technology at play. probably the biggest thing that could happen to the auto industry and we can come on to that. that's only a few years out. the message from the futures market that we're get sg oil should be some $10 to $15 lower. if we were to get $10 off the oil price, it broadly equate toes about 1% gdp surprising the western world. it's that time of year where we're pending our thoughts to next year. tangible, economic prices to next year. it will be oil related, a chance, good job with raising the tax threshold in the uk. that means for the first year in five. uk link will be up, not down. and them i also think thattory thing our chancellor did a good job of was she raised taxes by 10 so companies can invest a 215 pounds, not just 200 pounds. >> that's a leverage the other governments have been trying to pull. but your point is interesting. it's not just the uk we were seeing there. and it goes back to the point you were making about oil. u.s. retail gas prices are down 16% since their peak this
CNBC
Dec 18, 2012 12:00pm EST
august. so given that the weakest part of the u.s. economy has been capital spending related to the public policy uncertainty, i don't see an avoid the worst case scenario is significantly different from our base which was $1508 billion of fiscal drag which would impact the economy in the beginning of the year. >> barry, don't you think that -- do you really think that the market is going to get that granular, that it's going to get -- the ins and the outs, every last little part of the deal? once word filters on cnbc and other news outlets that a deal has been reached or at least the substance thereof, a framework of the deal has been reached? you know which way the market is going to go, don't you? >> i think it's already done it. this is the psychology that we heard prior to qe forever being announced in september and, of course, the market ripped the day after the qe forever was announced and then that was the peak. right? so, look, you guys are the traders. you're responsible for picking this short-term peaks and troughs. i'm no longer in training. i'm in research now. i
CNBC
Dec 18, 2012 3:00pm EST
a global standpoint the u.s. looks so attractive. equities are cheap in the u.s., and it's going to be just like the u.s. treasuries have been for the last five, six years, a flight to quality. you'll see a continuation flight to quality. i'm extremely, extremely constructive on the market. >> real quickly on the bone u.s. we didn't get there. >> sorry. >> some firms are actually moving the bonus payments to the end of this year to avoid the higher capital gains tax. what's your take on bonuses? >> meant to answer that. importantly whatever happens with bonuses will be no indication what happens with next year because in 2009 a lot of people were hired on contracts, so the firms are forced to actually still have higher payouts than they want to have. 2013 is going to be a much ruder awakening for salaries and total comp on wall street. >> wow. meredith, always nice you have to on the program. >> thank you so much. >> founder and ceo of meredith whitney advisory group. >> want to update you on the tragedy in newtown tragedy. danielle lee back with the very latest. >> reporter: good afternoon
CNBC
Dec 17, 2012 11:00pm EST
. in the marine industry, about 30% of the dealers in the u.s. went under during the recession. isn't that extraordinary? but brunswick's dealer remained flat. they held in much better than the competition. they used the economic weakness to take share. plus the company took out $450 million in fixed costs during the downturn to come out even stronger than ever. that's the brunswick we're dealing with today. second, if higher taxes going forward mean there's slightly less demand for motorboats and fishing boats, you know what? i think that could be more than offset by the additional demand created by all those boats that sandy damaged or destroyed. and even before sandy, things were getting better for brunswick. over the last decade, the age of the average powerboat in the water has gone from 15 years old to 21 years old. wow! i thought cars at 11 years was a lot. that means there's a ton of pent-up replacement demand. we saw the same thing happen in the automobile market where the average car on the road got so old that it has led to a new surge. that's what that $15 million car bu
CNBC
Dec 18, 2012 4:00pm EST
dart pools in the u.s. operating alongside 13 public exchanges. the concern, there's a potential disadvantage to the overall markets and, of course, retail investors. maria? >> that. ton, thank you so much. >>> as the debate continues on capitol hill, back on wall street, seth marin argues that high-frequency trading benefits the few at the extension of many and is taking a toll on investor confidence and seth joins me right now along with special guest host ken langone. you're very critical of high-frequency trading saying it benefits the few at the expense of many. why in. >> that's correct. you have a very few number of constituents, and this is very much of a zero sum game, and they make their money at the expense of all of those folks who are investors who invest in the mutual funds and the pension funds, and the most important thing that we need to reinstill in this country is investor confidence. >> yeah. >> unfortunately, all of the major blow ups, recently the flash crash, facebook or the knight fiasco are interrelated with high-frequency trading. >> that's a good point
CNBC
Dec 18, 2012 5:00pm EST
-13% in u.s. dollars. the street was looking for around 6.8%. that's right in the range. overall, people might be satisfied with this guyidance. hardware product, that guidance down negative 10% to flat, as they continue to peel off those low margin sales and concentrate on engineering systems. >> thanks for that update. the oracle stock up 1% after-hours trade. >>> coming up, shareholders be wear, dividends could have unintended consequence if we get a fiscal cliff done. >>> four trends that could shock you in 2013. a tom tech pro giving you an early look. stick around. langone. >> did you see shares of apple today climbing nearly 3%, but still 21% below its peak. will we see it go up or drop before it reaches that level. two days together, a pretty good price action. >> you have a lot of people chasing this baby. this is what people do with apple. freak out when it goes down and chase it going up. >> i would say 550. >> i say 550 because it's closer to 500. i am long. >> what did we say about the market earlier on the show, you will have apple. if the market will go somewhere in the ne
CNBC
Dec 18, 2012 6:00am EST
, a u.s. investigation finds more evidence about how walmart used payoffs allegedly in mexico to advance its gold down there. it's tuesday, december 18th, 2012. "squawk box" begins right now. >>> good morning, everyone. welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin. our guest host this hour is julia sed. fiscal cliff negotiations, our top story. now president obama is proposing leaving lower tax rates in place for everyone except those earning $400,000 and above. that's above the $250,000 threshold that the president has been demanding for months, but it is still far from speaker john boehner's request of $1 million. a source familiar with the talk says this is by no means the final offer for the white house. the move by the president was welcomed, albeit with some reservations. we will talk about the latest developments in just a few minutes. in the meantime, the global markets seem to be taking note of the optimism. you can see right now that those dow futures are up by 54 points. this comes after a decent rally for the markets yeste
CNBC
Dec 18, 2012 1:00pm EST
a factory in ohio, last u.s. manufacturing company, some pensions put pressure on them and were able to change their mind. >> can the institutional investors big ones, nif them out there, can they put political pressure on congress to move this along or not. >> they can. they don't have a huge amount of money to do such things. i'll put it this way. compared to the amount of money private industry can put, there's no contest. >> dan from "fortune" magazine. thank you very much. sue, thank you. >> next half hour, ty, i'll look at the impact of the sandy hook tragedy had on gun retailers, then we'll talk with a leading mental health expert on whether mental health is being lost in the debate. back in 2:00. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective tdd#: 1-800-345-2550 lip
CNBC
Dec 18, 2012 9:00am EST
of potential violations of the u.s. foreign corrupt practices act that we began more than a year ago. walmart is conducting that massive internal investigation in conjunction with the department of justice and s.e.c. that's in the wake of that previous article published back by the "times" in april which were so damning. the investigation focuses on whether or not they violated the foreign corrupt practices act. they started the investigation a year ago, remember, because "the new york times" began approaching them for comment about the investigation that they were doing themselves. why it started long before the article came out. guys, back to you. >> michelle, we had a big debate before the show whether or not the "times" added anything new, other than grtheir granularity. >> you didn't see any direct lines drawn from what was happening in mexico to any current executives at this point. this article did not even mention eduardo castro, who was head of walmart-mexico at this period of time, and who is definitely one of the people in focus at this time. but i think the granularity adds a lot
CNBC
Dec 17, 2012 7:00pm EST
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Search Results 0 to 9 of about 10